It's time for newspaper and magazine companies to start reporting how they did in the first…
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It was clear at the end of last year that ad numbers were tanking across the board. Now, they're getting worse; the losses have nearly doubled, in some cases. These are only rate base figures that may not exactly reflect specific sales figures, but they give a clear enough picture of the direction these magazines' finances are going. The company lost $200 million in Q1, compared to last year.